https://www.taxtmi.com/caselaws?id=457695 Advance paid for procurement of raw materials was written off after the supplier ceased to exist in BIFR proceedings and recovery became doubtful. The controversy was whether deletion of the corresponding addition raised any substantial question of law or whether revenue could interfere with the write-off. The matter was treated as turning on appreciation of the accounts and surrounding factual circumstances, not on any legal principle requiring appellate interference. The write-off was therefore regarded as a pure question of fact, and the deletion of the addition was upheld. en-us Wed, 03 Jul 2013 00:00:00 +0530 Wed, 25 Sep 2024 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457695 Advance paid for procurement of raw materials was written off after the supplier ceased to exist in BIFR proceedings and recovery became doubtful. The controversy was whether deletion of the corresponding addition raised any substantial question of law or whether revenue could interfere with the write-off. The matter was treated as turning on appreciation of the accounts and surrounding factual circumstances, not on any legal principle requiring appellate interference. The write-off was therefore regarded as a pure question of fact, and the deletion of the addition was upheld. Case-Laws Income Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457695